BASEL, Switzerland, July 22, 2021-

The shareholders of Jacob Holm have today signed a definitive agreement to sell their shares in the Jacob Holm Group of companies to Glatfelter Corporation (NYSE: GLT). The transaction is expected to close later this year pending receipt of required regulatory approvals and satisfaction of customary closing conditions.

The business combination will create a company with expected revenue of approximately 1.5BN USD, over 3350 employees and a presence in 17 countries globally.

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